What is Lennar's EBITDA margin?

Latest reported EBITDA margin for Lennar (LEN) is 7.25% as of the trailing twelve months (TTM) ending February 28, 2026.

How has Lennar EBITDA margin changed year-over-year?

Lennar (LEN) EBITDA margin changed −5.6 percentage points year-over-year on the latest annual filing.

When did Lennar EBITDA margin hit its highest annual value?

Lennar EBITDA margin reached its highest annual value of 20.42% in 2022.

What was Lennar EBITDA margin in 2024?

Lennar (LEN) EBITDA margin in 2024 was 14.01%.

What was Lennar EBITDA margin in 2025?

Lennar (LEN) EBITDA margin in 2025 was 8.44%.

Lennar (LEN) EBITDA Margin — Annual & Quarterly %

TTM

7.3%

YoY change

−5.57pp

Trough year (2007)

-25.2%

Peak year (2022)

20.4%

EBITDA Margin history chart for Lennar (LEN) from 1985 to 2025

Latest: 8.4%

EBITDA Margin change chart for Lennar (LEN) from 1985 to 2025

Latest: −5.57pp

EBITDA Margin history table for Lennar (LEN) from 1985 to 2025


2025	8.4%	-5.57pp	Nov 30, 2025	Jan 28, 2026
2024	14.0%	-2.20pp	Nov 30, 2024	Jan 23, 2025
2023	16.2%	-4.21pp	Nov 30, 2023	Jan 26, 2024
2022	20.4%	+1.16pp	Nov 30, 2022	Jan 26, 2023
2021	19.3%	+4.87pp	Nov 30, 2021	Jan 28, 2022
2020	14.4%	+2.83pp	Nov 30, 2020	Jan 22, 2021
2019	11.6%	+1.44pp	Nov 30, 2019	Jan 27, 2020
2018	10.1%	-0.99pp	Nov 30, 2018	Jan 28, 2019
2017	11.1%	-0.87pp	Nov 30, 2017	Jan 25, 2018
2016	12.0%	-1.37pp	Nov 30, 2016	Jan 20, 2017
2015	13.4%	-0.07pp	Nov 30, 2015	Jan 22, 2016
2014	13.4%	-0.15pp	Nov 30, 2014	Jan 23, 2015
2013	13.6%	+5.19pp	Nov 30, 2013	Jan 28, 2014
2012	8.4%	+1.60pp	Nov 30, 2012	Feb 6, 2013
2011	6.8%	+0.98pp	Nov 30, 2011	Jan 30, 2012
2010	5.8%	+27.28pp	Nov 30, 2010	Jan 31, 2011
2009	-21.5%	-10.42pp	Nov 30, 2009	Jan 29, 2010
2008	-11.1%	+14.17pp	Nov 30, 2008	Jan 27, 2009
2007	-25.2%	-31.07pp	Nov 30, 2007	Jan 29, 2008
2006	5.9%	-9.14pp	Nov 30, 2006	Feb 8, 2007
2005	15.0%	+1.54pp	Nov 30, 2005	Aug 8, 2006
2004	13.5%	+0.22pp	Nov 30, 2004	Feb 14, 2005
2003	13.2%	+1.18pp	Nov 30, 2003	Mar 1, 2004
2002	12.1%	+0.30pp	Nov 30, 2002	Feb 28, 2003
2001	11.7%	+0.43pp	Nov 30, 2001	Feb 28, 2002
2000	11.3%	-0.93pp	Nov 30, 2000	Feb 28, 2001
1999	12.2%	-0.66pp	Nov 30, 1999	Feb 28, 2000
1998	12.9%	+1.49pp	Nov 30, 1998	Nov 30, 1998
1997	11.4%	-0.04pp	Nov 30, 1997	Nov 30, 1997
1996	11.5%	-5.21pp	Nov 30, 1996	Sep 26, 1997
1995	16.7%	+0.09pp	Nov 30, 1995	Nov 30, 1995
1994	16.6%	+2.78pp	Nov 30, 1994	Nov 30, 1994
1993	13.8%	-1.02pp	Nov 30, 1993	Nov 30, 1993
1992	14.8%	+2.44pp	Nov 30, 1992	Nov 30, 1992
1991	12.4%	+4.48pp	Nov 30, 1991	Nov 30, 1991
1990	7.9%	-1.76pp	Nov 30, 1990	Nov 30, 1990
1989	9.7%	-1.02pp	Nov 30, 1989	Nov 30, 1989
1988	10.7%	-0.52pp	Nov 30, 1988	Nov 30, 1988
1987	11.2%	+0.82pp	Nov 30, 1987	Nov 30, 1987
1986	10.4%	+1.07pp	Nov 30, 1986	Nov 30, 1986
1985	9.3%	—	Nov 30, 1985	Nov 30, 1985

20258.4%-5.57pp
202414.0%-2.20pp
202316.2%-4.21pp
202220.4%+1.16pp
202119.3%+4.87pp
202014.4%+2.83pp
201911.6%+1.44pp
201810.1%-0.99pp
201711.1%-0.87pp
201612.0%-1.37pp
201513.4%-0.07pp
201413.4%-0.15pp
201313.6%+5.19pp
20128.4%+1.60pp
20116.8%+0.98pp
20105.8%+27.28pp
2009-21.5%-10.42pp
2008-11.1%+14.17pp
2007-25.2%-31.07pp
20065.9%-9.14pp
200515.0%+1.54pp
200413.5%+0.22pp
200313.2%+1.18pp
200212.1%+0.30pp
200111.7%+0.43pp
200011.3%-0.93pp
199912.2%-0.66pp
199812.9%+1.49pp
199711.4%-0.04pp
199611.5%-5.21pp
199516.7%+0.09pp
199416.6%+2.78pp
199313.8%-1.02pp
199214.8%+2.44pp
199112.4%+4.48pp
19907.9%-1.76pp
19899.7%-1.02pp
198810.7%-0.52pp
198711.2%+0.82pp
198610.4%+1.07pp
19859.3%—

EBITDA Margin values are taken from Lennar's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Lennar (LEN)

According to Lennar's latest reported financial statements, the company's latest reported EBITDA margin is 7.3%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending February 28, 2026 (reported April 9, 2026). Chart and table below cover the full reported history back to 1985.

Lennar (LEN) most recent annual EBITDA margin stands at 8.44% (2025) – contracted 5.6 percentage points year-over-year.

2022 marks the peak EBITDA margin at 20.42%, with the historical low of -25.22% recorded in 2007.

Lennar EBITDA Margin by Year

Lennar EBITDA Margin 2025: 8.4%

In 2025, Lennar reported EBITDA margin of 8.44%, contracted 5.6 percentage points from 2024.

Lennar EBITDA Margin 2024: 14.0%

Lennar EBITDA margin in 2024 was 14.01%, contracted 2.2 percentage points from 2023.

Lennar EBITDA Margin 2023: 16.2%

2023's EBITDA margin for Lennar came in at 16.21%, contracted 4.2 percentage points from 2022.

Lennar EBITDA Margin 2022: 20.4%

Lennar posted EBITDA margin of 20.42% in 2022, expanded 1.2 percentage points from 2021. This figure represents the highest annual value in the available history.

Lennar EBITDA Margin 2021: 19.3%

Lennar EBITDA margin in 2021 was 19.26%.

See more financial history for Lennar (LEN).

Sector peers by EBITDA Margin

Consumer Cyclical peers of Lennar (LEN), ranked by their latest EBITDA margin


McDonald's (MCD)	54.4%
Booking Holdings (BKNG)	34.4%
PDD Holdings (PDD)	30.3%
Amazon (AMZN)	23.1%
Alibaba (BABA)	14.1%
TJX Companies (TJX)	14.0%
Home Depot (HD)	13.9%
Tesla (TSLA)	10.7%

Frequently asked questions

Lennar (LEN) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation